The Pulse (07-10-13)


The Pulse (07-10-13)

July 10, 2013    ●    Volume 02, Issue 27  

The Pulse Archive

Credit Union News

Time to register for MnCUN's 2013 Fall Conference!

The Minnesota Credit Union Network invites you to attend its annual Fall Conference on Sept. 6-8. This event features industry experts providing insight and relevant information on top credit union issues. Session topics include best practices for Minnesota credit unions, ethics, revenue generation, and supervisory committee duties.

Held at Madden's Resort in Brainerd, Fall Conference also offers attendees many amenities that provide relaxation and recreation. Madden's offers first-rate dining, leisure activities, and top-notch golf courses. It's business casual throughout the weekend for conference participants, including at the Saturday evening banquet.

With valuable networking opportunities, informational workshops and entertainment, this conference has something for everyone! Credit unions with less than $25 million in assets are eligible to attend Fall Conference at a discounted rate.

Lodging and meals for Fall Conference are not included in the MnCUN registration fee, and reservations must be made through Madden's by Tuesday, Aug. 6. Attendees must stay at Madden's to participate in the conference. Make accommodation requests early! Rooms are granted on a "first-come” basis.

For more detailed information and to register online, visit the MnCUN Fall Conference section of the Network website. To take advantage of the early bird discount, registration and payment must be received by Tuesday, Aug. 6. The deadline for regular priced registrations is Tuesday, Aug. 20. With questions about Fall Conference, contact MnCUN Director of Education Sue Groskreutz by email or at (651) 288-5521.

Urging members to act is how CUs will keep their tax status

Minnesota's credit unions have been working hard to help save the credit union corporate income tax exemption. The "Don't Tax My Credit Union" message has already been delivered thousands of times, with members of Congress receiving more than 230,000 contacts.

But increased efforts are needed!

In the last week of June, the top-ranking Democrat and Republican on the Senate Finance Committee sent a joint letter to the entire Senate, announcing plans to introduce a "blank slate” tax plan that would remove all current exemptions from the U.S. income tax code. Senators have until July 26 to submit proposals to the Finance Committee stating which exemptions they feel should be folded back into the code.

This short timeframe means all credit union supporters need to take action now to save the credit union tax exemption!

Credit unions, contact your members TODAY using the sample email on the Network's Tax Advocacy Resources page, urging them to contact their legislators to deliver the Don't Tax My Credit Union message. Directly asking members to act is how credit unions will be successful in retaining their tax status.

With questions about this advocacy effort, contact MnCUN Political Advocacy Director Ryan Smith by email or call (651) 288-5533.


Recognize your CU's unique efforts with Dora, Louise, Desjardins

Your credit unions work hard every day to offer unique projects, products and services that benefit their members and their communities. To honor these efforts, the Minnesota Credit Union Network wants you to submit your entries for this year's Dora Maxwell, Louise Herring and Desjardins awards programs. Recognize the ways your credit unions are improving lives and communities.

Below is a brief overview of each awards program:

  • Dora Maxwell Social Responsibility Community Service Award
    The Dora Maxwell Award recognizes model credit unions that are improving the lives of community members through external projects and activities.
  • Louise Herring Award for Philosophy-in-Action Member Service Award
    The Louise Herring Award recognizes model credit unions that are exhibiting their credit union philosophies and improving members' lives through internal programs. 
  • Desjardins Youth Financial Education Award
    The Desjardins Youth Award recognizes model credit unions that are teaching personal finance concepts and skills to credit union members and nonmembers age 18 and younger. 
  • Desjardins Adult Financial Education Award
    The Desjardins Adult Award recognizes model credit unions that are teaching personal finance concepts and skills to credit union members and nonmembers age 18 and older.

To submit an entry, visit the National Awards Programs page of the Network website, where you will find entry forms, information on eligible activities, checklists and more.

Statewide entries must be submitted to the Network office by Friday, July 26. Credit unions are encouraged to enter in one or all of the national awards programs. Winning submissions will advance to the national competition for judging this fall. With questions, contact MnCUN Communications Intern Jane Lee by email or call (651) 288-5513.


Credit Union Notes ...

  • Lake State Credit Union to open remote, tellerless branch in Duluth
    Lake State Credit Union is adding a new branch in Duluth. Using interactive video technology from NCR, the credit union's tellers located in its Moose Lake office will have remote control of ATMs in the new office. The Duluth branch will be completely self- and assisted-service through three NCR APTRA Interactive Teller ATMs and additional (non-video teller) NCR SelfServ ATMs. The Duluth office will not only serve current and new members with Interactive Teller, but it also will bring commercial, mortgage and consumer services to that area.
  • Hiway FCU names new CEO
    Earlier this month, Hiway Federal Credit Union announced that its Board of Directors named Dave Boden as the new President/CEO. Current President/CEO Jeff Schwalen will retire in October after 23 years of service. Boden has 25 years of experience in the financial services industry, with 16 years in a senior management capacity and the past 10 years as Hiway's Vice President of Technology. He has been active in political affairs with the Minnesota Credit Union Network, and serves on the CIO Advisory Board for Fiserv's XP2 Division and the Technology Council at PM Systems, Hiway's online banking services provider.

Political Contribution Refund program revived
Mark your calendars for Hike the Hill

Minn. law regarding use of sick leave amended
Federal Reserve System publishes Consumer Compliance Outlook
FTC publishes COPPA compliance guidance

Minnesota Credit Union Network
555 Wabasha Street N, Suite 200
St. Paul, MN 55102

(651) 288-5170
(800) 477-1034